Berengaria Acquires 226,000-Square-Foot Power Center in St. Joseph, Missouri

The Shoppes at North Village was recently purchased by Bengaria. The center was 98 percent leased at time of sale.

St. Joseph, Mo. — Berengaria has acquired The Shoppes at North Village, a 226,000-square-foot retail power center in St. Joseph, about 55 miles north of Kansas City. The purchase price was not disclosed. The 98 percent-leased property is home to 25 tenants, including T.J. Maxx, Best Buy, Michaels, Old Navy and Regal Cinema’s Hollywood Theaters. Berengaria partnered with the Africk Family Office on the transaction. This is the third asset the two groups have purchased together. Berengaria is the real estate platform of Marcus Investments.

Much of the spotlight surrounding in-demand tenants at today's shopping centers is focused on food and beverage and entertainment users.
This is a solid strategy, agrees Steven Maksin, founder and CEO…